 |
Find Out All About Forex Trading
AUDThe AUD/CAD currency pair remains one of the strongest trending pairs in the forex trading market. From its 2008 low of 0.7724, reached 2 February, to its high of 0.9912, reached 9 November, AUD/CAD sustained a bullish trend that gained 2188 pips, or 28%, in nine months. However, since the peak of investor sentiment on [...]
On 24 July, AUD/CAD bounced from support at 0.8800 and initiated a strong uptrend that has pushed the currency pair to touch its historic high at 0.9837, a run of 1,000 pips which restored it to its pre-Lehman strength. However, at this psychologically important level, AUD/CAD is showing signs of taking a consolidating breather. On [...]
The battle between risk acceptance and risk aversion continues, with equities, commodities, and global political rhetoric driving currency movements. General risk aversion returned from disappointing U.S. consumer and employment data. The RBA meets Tuesday, 6 October, and is expected to maintain rates at 3.0%. August retail sales increased 0.9% m/m, with private sector credit rising [...]
Week ending 14 August 2009 and the range goes on. Chinese equities indices declined sharply amid worries the rally was overdone, with fundamental data not meeting investor expectations. RBA Governor Stevens announced the next rate movement would likely be a rise. June investment lending fell −1.8% m/m. July business confidence improved to 10, business conditions [...]
Recent “green shoots” have pushed multiple USD crosses to the extreme bearish edges of their current trading ranges, and, in the case of AUD/USD, to a new 2009 high. However, there has been a distinct lack of follow through in subsequent trading sessions despite low summer volumes keeping chart movements volatile, and therefore currencies continue [...]
Three currencies actively traded on the forex market are heavily influenced by the prices of commodities, these being the Australian, Canadian, and New Zealand dollars. These commodity currencies are at or just past the peak of their cycle, with further downside trending potential. The Canadian dollar is influenced by prices for crude oil, gold, and [...]
Until recently, movement in the Australian dollar/Japanese yen was dominated by the carry trade. In this scheme, investors borrow money in a nation with a low interest rate, such as Japan at 0.5%, the United States at 2.0%, or Switzerland at 2.75%. The funds are then invested in a nation with a high interest rate, [...]
